FRESX vs. DRLIX

Last updated Jun 4, 2026

FRESX (Fidelity Real Estate Investment Portfolio) and DRLIX (BNY Mellon Global Real Estate Securities Fund) are both REIT funds. Over the past 10 years, FRESX returned 5.19%/yr vs 5.14%/yr for DRLIX. Their correlation of 0.89 suggests significant overlap in exposure. FRESX charges 0.71%/yr vs 1.05%/yr for DRLIX.

Performance

FRESX vs. DRLIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Real Estate Investment Portfolio (FRESX) and BNY Mellon Global Real Estate Securities Fund (DRLIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FRESX achieves a 9.92% return, which is significantly higher than DRLIX's 8.10% return. Both investments have delivered pretty close results over the past 10 years, with FRESX having a 5.19% annualized return and DRLIX not far behind at 5.14%.

FRESX

• 1D: 0.48%
• 1M: -1.17%
• YTD: 9.92%
• 6M: 8.98%
• 1Y: 10.25%
• 3Y*: 9.16%
• 5Y*: 3.21%
• 10Y*: 5.19%

DRLIX

• 1D: 0.22%
• 1M: -1.71%
• YTD: 8.10%
• 6M: 7.90%
• 1Y: 12.10%
• 3Y*: 10.02%
• 5Y*: 2.40%
• 10Y*: 5.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FRESX vs. DRLIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FRESX Fidelity Real Estate Investment Portfolio	9.92%	2.54%	5.87%	10.82%	-24.36%	42.34%	-7.93%	25.22%	-4.48%	4.28%
DRLIX BNY Mellon Global Real Estate Securities Fund	8.10%	9.12%	3.21%	11.35%	-23.24%	26.95%	-2.30%	23.05%	-4.57%	11.24%

Correlation

The correlation between FRESX and DRLIX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.91
Correlation (All Time) Calculated using the full available price history since Jan 4, 2007	0.89

The correlation between FRESX and DRLIX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

Return for Risk

FRESX vs. DRLIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FRESX

FRESX Risk / Return Rank: 10
FRESX Sharpe Ratio Rank: 9
FRESX Sortino Ratio Rank: 9
FRESX Omega Ratio Rank: 9
FRESX Calmar Ratio Rank: 13
FRESX Martin Ratio Rank: 12

DRLIX

DRLIX Risk / Return Rank: 14
DRLIX Sharpe Ratio Rank: 13
DRLIX Sortino Ratio Rank: 13
DRLIX Omega Ratio Rank: 14
DRLIX Calmar Ratio Rank: 12
DRLIX Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FRESX vs. DRLIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Real Estate Investment Portfolio (FRESX) and BNY Mellon Global Real Estate Securities Fund (DRLIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FRESX	DRLIX	Difference
Sharpe ratio: Return per unit of total volatility	0.74	1.01	-0.27
Sortino ratio: Return per unit of downside risk	1.10	1.44	-0.35
Omega ratio: Gain probability vs. loss probability	1.13	1.19	-0.05
Calmar ratio: Return relative to maximum drawdown	1.27	1.16	+0.11
Martin ratio: Return relative to average drawdown	3.66	4.33	-0.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FRESX vs. DRLIX - Sharpe Ratio Comparison

The current FRESX Sharpe Ratio is 0.74, which is comparable to the DRLIX Sharpe Ratio of 1.01. The chart below compares the historical Sharpe Ratios of FRESX and DRLIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FRESX	DRLIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	1.01	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.15	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	0.29	-0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.17	+0.21

Drawdowns

FRESX vs. DRLIX - Drawdown Comparison

The maximum FRESX drawdown since its inception was -76.34%, which is greater than DRLIX's maximum drawdown of -68.86%. Use the drawdown chart below to compare losses from any high point for FRESX and DRLIX.

Drawdown Indicators

	FRESX	DRLIX	Difference
Max Drawdown Largest peak-to-trough decline	-76.34%	-68.86%	-7.48%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-10.13%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	-16.44%	-17.55%	+1.11%
Max Drawdown (5Y) Largest decline over 5 years	-32.13%	-31.86%	-0.27%
Max Drawdown (10Y) Largest decline over 10 years	-40.93%	-41.82%	+0.89%
Current Drawdown Current decline from peak	-2.87%	-3.56%	+0.69%
Average Drawdown Average peak-to-trough decline	-11.12%	-14.35%	+3.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	2.71%	-0.02%

Volatility

FRESX vs. DRLIX - Volatility Comparison

Fidelity Real Estate Investment Portfolio (FRESX) and BNY Mellon Global Real Estate Securities Fund (DRLIX) have volatilities of 3.78% and 3.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FRESX	DRLIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.78%	3.70%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	8.99%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	11.61%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.72%	16.39%	+2.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.56%	17.63%	+2.93%

FRESX vs. DRLIX - Expense Ratio Comparison

FRESX has a 0.71% expense ratio, which is lower than DRLIX's 1.05% expense ratio.

Dividends

FRESX vs. DRLIX - Dividend Comparison

FRESX's dividend yield for the trailing twelve months is around 4.22%, more than DRLIX's 2.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRLIX BNY Mellon Global Real Estate Securities Fund	2.87%	3.11%	2.08%	1.70%	7.68%	8.25%	1.47%	11.17%	4.63%	4.72%	5.73%	5.40%
FRESX Fidelity Real Estate Investment Portfolio	4.22%	4.64%	5.58%	6.95%	10.16%	3.70%	4.77%	6.91%	4.23%	4.00%	4.90%	6.09%

Frequently Asked Questions

Can I hold both FRESX and DRLIX in my portfolio?

With a correlation of 0.90, FRESX and DRLIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, FRESX or DRLIX?

FRESX has higher volatility (3.78%) compared to DRLIX (3.70%). In terms of maximum drawdown, FRESX dropped -76.34% vs DRLIX's -68.86%.

Which has better risk-adjusted returns?

DRLIX currently has the higher Sharpe Ratio (1.01 vs 0.74), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.